Retirement Planning
Retirement Readiness Calculator
Are you on track? Compare required retirement capital against projected savings, see your gap, and explore what a starting contribution might look like.
Retirement Readiness Calculator
This calculator estimates how much capital you may need at retirement, and what monthly contribution may be required to reach that amount.
Your Assumptions
Example: R20,000 per month in today's buying power.
This converts retirement income into required capital.
Use 0% for fixed monthly contributions.
Your Result
Years until retirement
25 years
Future monthly income needed
R85 837
Estimated capital required at retirement
R20 600 979
Projected value of current savings
R0
Estimated capital shortfall
R20 600 979
Estimated starting monthly contribution required
R6 388
What this means: If you start at age 40 and want the equivalent of R20 000 per month in today's buying power, you may need approximately R85 837 per month by age 65. Using a 5.0% drawdown rate, this means estimated retirement capital of about R20 600 979. After allowing for current savings, your estimated shortfall is R20 600 979. The estimated starting monthly contribution required is R6 388, increasing annually by 10.0%.
How the calculator works
- It first inflates today's required income to retirement age.
- It then converts that future monthly income into a required capital amount using the selected drawdown rate.
- It projects the future value of existing savings using the selected investment growth rate.
- It calculates the capital shortfall.
- It estimates the starting monthly contribution needed, allowing for annual contribution increases.
This calculator is for educational and illustrative purposes only. It does not constitute financial advice. Actual retirement outcomes depend on market returns, tax, product costs, investment structure, inflation, withdrawal behaviour, legislation, and personal circumstances. Please consult a licensed financial advisor before making retirement planning decisions.